29^th January 2025

CHESNARA plc

("Chesnara", "the Company" or the "Group")

BOARD CHANGES

Chesnara (CSN.L), the European life insurance consolidator, today announces the appointment of Gail Tucker as Non-Executive Director with immediate effect. Gail has also been appointed as a member of Audit & Risk Committee and Nomination & Governance Committee and will be proposed for election at the Company's AGM, expected to be on 13^th May 2025. Gail also joins the Board of Chesnara's UK subsidiary, Countrywide Assured plc as a Non-Executive Director and it is intended will chair its Audit & Risk Committee subject to regulatory approval.

Jane Dale, Non-Executive Director, will stand down at the AGM having completed her 9-year term. At the same time, Gail Tucker will be appointed chair of the Audit & Risk Committee.

Gail is a recently retired 'Big Four' partner with over 30 years' experience in financial services audit, predominantly focused on the insurance sector. She has a high level of technical competence in international accounting and financial reporting, allied to which she brings a well-developed perspective on the UK life and pensions industry.  A qualified accountant, Gail holds a BSc from the University of Warwick and a BA from The Open University.  She sits on the boards of Breast Cancer Now and Institute of Chartered Accountants in England & Wales (ICAEW) Financial Services Board.

Chair Luke Savage commented:

'I am delighted to welcome Gail to the Board of Chesnara and she brings with her a wealth of reporting expertise including from her time as IFRS17 Global Technical Lead for PwC.  She has advised insurance audit teams around the world and has sat on a number of technical committees. We are delighted to have attracted such talent into the group and I look forward to working with Gail as we prosecute our strategy and deliver further value to our policyholders and shareholders.'

There is no further information relating to Gail which would require disclosure under UKLR 6.4.8R.

For further information, please contact:

Investor Enquiries

Sam Perowne

Head of Strategic Development & Investor Relations

Chesnara plc

E - [email protected]

Media Enquiries

Roddy Watt

Director, Capital Markets

FWD

T - 020 7280 0651 / 07714 770 493 

E - [email protected]

Notes to Editors

Chesnara (CSN.L) is a European life and pensions consolidator listed on the London Stock Exchange.  It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands and as Movestic in Sweden.

Following a three-pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 20 years in succession.

Further details are available on the Company's website (www.chesnara.co.uk).